What are the 3 pillars supporting fintech growth in Colombia? What is the one key metric that will significantly drive the future of fintech in the country?
In Colombia, only 38% of adults over the age of 15 have a bank account, according to the World Bank. There is a significant portion of the population in Colombia that is not part of the traditional banking system, leaving a great deal of opportunity for fintech startups.
The recent support from the Government, traditional banking system and increasing interests from global investors will open growth opportunities like never before.